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Hong Kong Annual Administration Reports, 1841-1941
COLONIAL REPORTS-ANNUAL.
I-FINANCES.
The revenue for the year, exclusive of land sales and an amount transferred from the Praya Reclamation Fund amounted to $6,622,070.25, or $95,926.16 more than the previous year. Land sales amounted to $315,733.21, or $76,526.55 less than in 1905. The amount transferred from the Praya Reclamation Fund was $97,208.32. The total revenue from all sources was therefore $7,035,011.78, or $116,607.93 greater than in any previous year, though $312,383.22 less than the estimate. All the main sources of revenue show an excess over 1905 with the exception of "Interest," "Miscellaneous Receipts," "Land Sales," and "Water Account.”
"Light Dues," "Licences," "Post Office Receipts," "Rent of Government Property," and "Interest" brought in together $111,451.48 more than was estimated. The receipts under the remaining heads of revenue were altogether $521,043.02 less than were anticipated when the estimates were drawn up.
The expenditure for the year was $5,328,820.92 exclusive of Public Works Extraordinary"; inclusive of that item it was $6,832,610.68, or $118,664.58 less than the total expenditure of 1905 and $224,344.32 less than the estimate for 1906.
Deducting from the actual receipts for 1906 the total actual expenditure, there was a surplus of $202,401.10 on the actual working of the year.
(A.) GENERAL REVENUE AND EXPENDITURE.
The following is a brief abstract of revenue and expenditure for the years 1905 and 1906:
Revenue 1905 1906 Increase Decrease Light Dues *** *** Licences and internal revenue not otherwise specified Fees of Court, &c. 39,321.53 Post Office 417,417.37 470,151.53 52,734.16 Rent of Government property 414,838.19 420,454.04 5,615.85 Interest 672,161.82 826,699.20 154,537.38 Miscellaneous 121,491.65 90,022.24 31,469.41 Water Account 392,259.76 315,733.21 76,526.55 Land sales *** *** 76,526.55 Amount transferred from Praya Reclamation Fund 97,208.32 97,208.32 Total $6,918,403.85 $7,035,011.78 $352,905.83 $236,297.90 Deduct decrease $236,297.90 Net increase $116,607.93